![]() To gain extensive insights into the market, Request for Customization The Middle East & Africa and Latin America will register significant growth, owing to the rising use of hybrid organic acid technology in the aerospace industry. This is expected to boost the demand for antifreeze & coolants in this region. The introduction of new passenger cars, and light & heavy commercial vehicles, led to the growth of the automotive industry in Europe. In North America, growth is due to the rapid adoption of inorganic additive technology (IAT) and organic acid technology (OAT) in the industrial sector. China, India, and Japan are the leading contributors in this region and growth is attributed to the rising demand for antifreeze & coolants in the automotive industry. The Asia Pacific is anticipated to witness the highest growth in the antifreeze & coolant market during the forecast period. Key Developments: Mergers, Acquisition, Partnership, etc.Key Emerging Trends – For Major Countries.The key players in the antifreeze & coolants market are Motul S.A., Cummins Inc, BASF, Chevron Corporation, Lukoil, Total S.A, Carl Bechem Lubricants, Fleetguard Filters Private Limited, Recochem Corporation, and PrixMax. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. ![]() Based on application, the market is segmented into automobiles, industrial, and others. This results into low acceptance of antifreeze & coolants and is anticipated to restrict the market growth.īased on technology, the antifreeze & coolants market is segmented into inorganic additive technology (IAT), organic acid technology (OAT), nitrated organic acid technology (NOAT), hybrid organic acid technology (HOAT), and others. The electric vehicles operate on batteries and other control units, which further eliminates the application of an internal combustion engine. However, the rising environmental concerns has led to the increase in demand for electric vehicles. ![]() The development in the engine and technology innovation has fueled the demand for antifreeze & coolants from the the automotive industry. It also offers excellent properties such as thermal capacity, low viscosity, chemical inertness, non-toxic, and anti-corrosion. Antifreeze & coolants maintain the optimum temperature inside the vehicle’s engine by reducing excess heat and avoiding severe damage to its internal component. The rising demand for antifreeze & coolant material in the automotive industry has propelled the market growth. Antifreeze& coolants finds its applications in automotive, aerospace, and industrial. The purpose of coolants is to control the temperatures of fluids and engine parts in all weather conditions.It also ensures that the water in the vehicle’s radiator system does not evaporate or boil in summer,and freeze in winter. Whereas, coolant is made fromthe mixture of antifreeze and water, the ratio of which differs from vehicle to vehicle. It protects the engine from damage and keeps engine components free from freezing and overheating. Itincreases the boiling points and decreases the freezing pointsof water-based liquids present in the vehicle engine. Antifreeze is liquid made from the mixture of chemicals such as ethylene glycol and polypropylene glycol. ![]()
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